Netflix (NASDAQ:NFLX) Price Target Raised to $1,400.00 at Jefferies Financial Group

Netflix (NASDAQ:NFLX) had its target price lifted by Jefferies Financial Group from $1,200.00 to $1,400.00 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Jefferies Financial Group currently has a buy rating on the Internet television network’s stock.

Other research analysts have also recently issued research reports about the company. Benchmark reissued a “hold” rating on shares of Netflix in a research note on Monday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. KeyCorp raised their target price on Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Guggenheim reaffirmed a “buy” rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Cfra Research raised Netflix to a “strong-buy” rating in a research note on Monday, April 28th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,140.52.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,217.94 on Tuesday. Netflix has a 1-year low of $587.04 and a 1-year high of $1,229.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business’s fifty day moving average price is $1,069.06 and its two-hundred day moving average price is $980.69. The firm has a market capitalization of $518.32 billion, a PE ratio of 61.42, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. On average, research analysts expect that Netflix will post 24.58 EPS for the current year.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,300 shares of company stock valued at $169,146,939. Corporate insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several institutional investors have recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Netflix by 231.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 63 shares of the Internet television network’s stock valued at $59,000 after buying an additional 44 shares during the last quarter. Cim Investment Management Inc. lifted its holdings in shares of Netflix by 6.7% during the 1st quarter. Cim Investment Management Inc. now owns 3,338 shares of the Internet television network’s stock valued at $3,113,000 after buying an additional 209 shares during the last quarter. Modern Wealth Management LLC raised its stake in shares of Netflix by 38.6% in the 1st quarter. Modern Wealth Management LLC now owns 1,375 shares of the Internet television network’s stock valued at $1,282,000 after acquiring an additional 383 shares in the last quarter. Nova Wealth Management Inc. raised its stake in shares of Netflix by 25.3% in the 1st quarter. Nova Wealth Management Inc. now owns 109 shares of the Internet television network’s stock valued at $102,000 after acquiring an additional 22 shares in the last quarter. Finally, Silicon Valley Capital Partners raised its stake in shares of Netflix by 3.6% in the 1st quarter. Silicon Valley Capital Partners now owns 663 shares of the Internet television network’s stock valued at $619,000 after acquiring an additional 23 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.